LIBOR is the acronym for London Interbank Offer Rate, which is an average of interest rates offered by London banks to U.S. corporations.

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LIBOR, or the London Interbank Offered Rate, is an average of interest rates estimated by each of the leading banks in London that they would be charged if borrowing from other banks, not specifically rates offered to U.S. corporations.

LIBOR Is the Acronym for London Interbank Offer Rate, Which